Elevator Address

2518 Lockhead Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com

Mailing Address

6830 4th Line Rd
North Gower, ON K0A 2T0
1-855-SOY-CORN(769-2676)
Office: 613-489-0956
Fax: 613-489-0957
info@northgowergrains.com


 
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Howard Leaman                                                     Dec 10/18

     Canola traded on both sides of unchanged again on Monday, ending
mixed. The nearby contracts ended higher, but new crop positions, starting
with the January 2020 contract, were settled lower. The market was
supported by weakness in the Canadian dollar and spillover buying from palm
and soy oils. The Canadian dollar fell almost half of a cent against the
U.S. dollar on Monday. 
     The buying in canola was curbed by weakness in soybeans, soy meal and
European rapeseed, and by buy the nearby contracts/sell the deferred
spreading.

                                   Resistance     Support
               Mch Canola          499.40         490.20
               May Canola          506.30         497.80

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